PPG INDUSTRIES INC reported first quarter 2026 results: revenue Net sales of $3.9 billion, net income Net income $382, EPS reported earnings per diluted share (EPS) of $1.70. Guidance reaffirmed.
“PPG reports first quarter 2026 financial results • Net sales of $3.9 billion, an increase of 7% versus prior year • Organic sales increased 1% year over year driven by higher selling prices • First quarter reported earnings per diluted share (EPS) of $1.70 and adjusted EPS of $1.83, an increase of 6% year over year • Segment margin of 16% and segment EBITDA margin of 19% • Share repurchases in the quarter totaled about $100 million • Reaffirms full-year 2026 EPS guidance range of $7.70 to $8.10”
Vincent J. Morales departed as Senior Vice President and Chief Financial Officer at PPG INDUSTRIES INC.
“On April 28, 2026, PPG Industries, Inc. (the “Company”) issued a press release announcing that Jamie A. Beggs will join the Company as Senior Vice President and Chief Financial Officer, effective July 6, 2026 upon the previously reported retirement of Vincent J. Morales which will also be effective July 6, 2026.”
Jamie A. Beggs was appointed as Senior Vice President and Chief Financial Officer at PPG INDUSTRIES INC.
“On April 28, 2026, PPG Industries, Inc. (the “Company”) issued a press release announcing that Jamie A. Beggs will join the Company as Senior Vice President and Chief Financial Officer, effective July 6, 2026 upon the previously reported retirement of Vincent J. Morales which will also be effective July 6, 2026.”
“PPG (NYSE: PPG) today announced that first quarter 2026 earnings per diluted share (EPS) is $1.70 and adjusted EPS is $1.83, an increase of 6% over the first quarter 2025.”
Debt Financings
PPG INDUSTRIES INC incurred senior notes of $700,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 4.375% maturing 2031.
“On November 3, 2025, PPG Industries, Inc. (the "Company") completed an offering of $700,000,000 aggregate principal amount of 4.375% Notes due 2031”
Leon J. Topalian was elected as director at PPG INDUSTRIES INC.
“On April 17, 2025, the Board of Directors of PPG Industries, Inc. (the “Company”) elected Leon J. Topalian as a director of the Company, effective July 16, 2025.”
Ramaprasad Vadlamannati retired as Senior Vice President, Operations at PPG INDUSTRIES INC.
“Ramaprasad Vadlamannati, has elected to retire as Senior Vice President, Operations of PPG Industries, Inc. (the “Company”) and stepped down as Senior Vice President, Operations effective October 1, 2024.”
Ramaprasad Vadlamannati departed as Senior Vice President, Operations at PPG INDUSTRIES INC.
“Ramaprasad Vadlamannati, Senior Vice President, Operations of PPG Industries, Inc. (the “Company”), has announced his intention to retire from the Company.”
Governance Changes
PPG INDUSTRIES INC: Amended Articles of Incorporation to add shareholder right to call special meeting (25% threshold) and provide officer exculpation, effective April 19, 2024 (effective 2024-04-19).
“As a result of the shareholders’ approval of the Special Meeting Proposal and the Officer Exculpation Proposal, effective April 19, 2024, the Company amended its Articles of Incorporation as follows: • Article Fifth, Section 5.5 was amended to provide that a special meeting of shareholders may be called by shareholders entitled to cast 25% or more of the votes that all shareholders would be entitled to cast at the meeting; and • Article Ninth was added to the Articles of Incorporation to provide that to the fullest extent of the laws of the Commonwealth of Pennsylvania, as in effect on January 4, 2023, or as thereafter amended, permit the elimination or limitation of the liability of officers”
Shareholder Votes
PPG INDUSTRIES INC shareholders approved Proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for 2024.
“The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2024 was approved as follows: Votes For Votes Against Votes Abstained 200,445,264 2,266,051 355,901”
Shareholder Votes
PPG INDUSTRIES INC shareholders approved Proposal to amend the Company's Articles of Incorporation to provide for the exculpation of officers of the Company.
“The proposal to amend the Company’s Articles of Incorporation to provide for the exculpation of officers of the Company was approved as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 155,227,516 26,633,075 586,258 20,620,367”
Shareholder Votes
PPG INDUSTRIES INC shareholders approved Proposal to amend the Company's Articles of Incorporation to provide shareholders with the right to call a special meeting.
“The proposal to amend the Company’s Articles of Incorporation to provide shareholders with the right to call a special meeting was approved as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 181,255,165 845,195 346,499 20,620,357”
Shareholder Votes
PPG INDUSTRIES INC shareholders approved Proposal to approve the compensation of the Company's named executive officers on an advisory basis.
“The proposal to approve the compensation of the Company’s named executive officers on an advisory basis was approved as follows: Votes For Votes Against Votes Abstained Broker Non-Votes 174,536,881 7,254,137 655,836 20,620,362”
Shareholder Votes
PPG INDUSTRIES INC shareholders approved Election of four nominees for director to serve in a class whose term expires in 2025.
“The four nominees for director were elected to serve in a class whose term expires in 2025 as follows: Nominees Votes For Votes Against Votes Abstained Broker Non-Votes Michael W. Lamach 161,941,276 20,068,667 436,913 20,620,360 Martin H. Richenhagen 176,015,628 6,144,985 286,247 20,620,356 Christopher N. Roberts III 181,445,999 658,972 341,891 20,620,354 Catherine R. Smith 170,591,236 11,539,723 315,895 20,620,362”
Kathy L. Fortmann was elected as Director at PPG INDUSTRIES INC.
“On April 18, 2024, the Board of Directors of PPG Industries, Inc. (the “Company”) elected Kathy L. Fortmann as a director of the Company, effective July 17, 2024.”
Earnings Releases
PPG INDUSTRIES INC reported first quarter 2024 results: revenue $4,311, net income $400, EPS $1.69.
“– PPG (NYSE:PPG) today reported financial results for the first quarter 2024. First Quarter Consolidated Results $ in millions, except EPS 1Q 2024 1Q 2023 YOY change Net sales $4,311 $4,380 (2)% Net income $400 $264 +52% Adjusted net income (a) $441 $432 +2% EPS $1.69 $1.11 +52% Adjusted EPS (a) $1.86 $1.82 +2% (a) Reconciliations of reported to adjusted”
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